Orca Gold Responds to Revoked Economic Sanctions on The Republic of The Sudan
TSX VENTURE: ORG
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 10, 2017) - Orca Gold Inc. (TSX VENTURE:ORG) ("Orca" or the "Company") is pleased to share the U.S. Department of State's announcement that the United States has decided to revoke economic sanctions on The Republic of The Sudan, citing the country's efforts in fighting terrorism and easing humanitarian distress. The permanent lifting of the sanctions will be effective on October 12, 2017.
"We have been working in Sudan since 2010 and can say that it's one of the most favourable jurisdictions we have ever conducted mineral exploration and development in," commented Richard Clark, CEO and Director of Orca Gold Inc. "We are excited that this decision has been made as we are preparing to build the first full-scale commercial gold mine in the country. The removal of the decades-long economic sanctions not only paves the way to a brighter economic future for The Sudan and its people, but hopefully encourages our peers, investors and partners to start looking at the country and join us in uncovering the incredible potential of this mineral-prolific jurisdiction."
The announcement, dated October 6, 2017, can be found on the U.S. Department of State's website at https://www.state.gov/r/pa/prs/ps/2017/10/274659.htm.
About Orca Gold Inc.
Orca Gold Inc. (TSX VENTURE:ORG) is a Canadian resource company focused on exploration opportunities in Africa, where it is currently advancing its 70%-owned Block 14 Gold Project in The Republic of The Sudan. The Company is currently conducting a Feasibility Study on the Project, which is scheduled for completion in late Q1/early Q2 2018.